THE SCHUMACHER MEDICAL RESIDENCES
Hospitality | 9 Keys
Marketing description
The Schumacher Medical Residences offer a rare opportunity to acquire three (3) newly constructed, individually deeded townhomes located steps from the historic German Village and Nationwide Children's Hospital.
While currently operating as successful short-term rentals, the highest and best use for these assets is a pivot to Premium Mid-Term Housing ("Med-Exec").
The Opportunity:
Acquire a turnkey portfolio perfectly positioned to serve the visiting surgeons, medical fellows, and hospital administrators of one of America's largest pediatric hospitals.
THE MEDICAL CORRIDOR
The property sits at the intersection of lifestyle and industry.
1. The Anchor: Nationwide Children's Hospital
Distance: Walking Distance.
Driver: A top-ranked pediatric hospital with a constant rotation of visiting specialists, fellows, and researchers on 3–12 month contracts.
The Need: These professionals demand privacy, luxury, and proximity—qualities that standard extended-stay hotels lack.
2. The Lifestyle: German Village
Distance: Bordering.
Driver: Columbus' most desirable historic neighborhood.
The Draw: Tenants are walking distance to Schiller Park, Lindey's, The Book Loft, and Fox in the Snow. It is the ultimate "recruiting tool" for high-level talent.
3. The Corporate Engine: Downtown Columbus
Distance: < 5 Minute Drive.
Driver: Government, Finance, and Corporate HQs.
The Capture: Ideal for corporate relocation clients and lobbyists needing a high-end "landing pad" for legislative sessions.
THE PIVOT: FROM "AIRBNB" TO "MED-EXEC"
We propose shifting from high-turnover nightly stays to stable, high-yield mid-term leases.
The "Med-Exec" Model
Targeting stays of 30–90+ days allows for higher stability and lower operational friction.
1. The Tenant Profile
Visiting Surgeons & Medical Directors.
Corporate Relocation Clients (Fortune 500).
Legislators & Lobbyists.
2. The Operational Advantage
Lower Expenses: Weekly/Monthly housekeeping vs. daily turns.
Lower Wear & Tear: Professional tenants treat the property like a home, not a party venue.
Regulatory Safety: Mid-term rentals (30+ days) generally bypass strict short-term rental regulations.
3. The Product Match
These townhomes were built for this demographic.
Private Entrances: No shared lobbies or elevators.
Dedicated Workspaces: Layouts allow for home offices (critical for executives).
Chef's Kitchens: High-end appliances for long-term living.
FLEXIBILITY IS KING
Unlike a triplex or a commercial building, this portfolio offers multiple exit ramps.
Option A: The Portfolio Sale
Sell the entire package to another investor looking for tax-advantaged cash flow in a Class A location.
Option B: The Condo Sell-Off
Because each unit has an individual deed, you can sell them off one by one to owner-occupants.
Why this works: The German Village area has extremely low inventory for modern, move-in-ready homes. These units will command a premium on the residential market.
Investment highlights
Steps to Scrubs": Located walking distance to Nationwide Children's Hospital, creating an unshakeable demand driver for high-income medical tenants.
15-Year Tax Abatement: The properties benefit from a 100% tax abatement, drastically reducing holding costs and maximizing Net Operating Income (NOI).
Luxury Product: High-end finishes (quartz, stainless steel, modern design) appeal to the executive demographic that rejects standard "travel nurse" housing.
Flexible Exit: Because the units are individually deeded condos, an investor can hold for cash flow now and sell units individually to owner-occupants in the future.
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